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Hedge funds, ETFs dump over $40 billion in stocks after Trump tariff shock

  • A global markets selloff worsened on Friday, fueled by falling US stocks after China retaliated against Donald Trump's tariffs.
  • The selloff resulted in a historic market downturn, with the S&P 500 experiencing its largest decline since 2020.
  • Donald Trump defended the tariffs, stating that the market's decline is expected and that it will 'boom' as the economy recalibrates.
  • Concerns over global trade retaliation grew, with significant fears of a global downturn rising.
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Hedge funds, ETFs dump over $40 billion in stocks after Trump tariff shock

·United Kingdom
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The Washington Post broke the news in on Thursday, April 3, 2025.
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